Egyptian billionaire Yasseen Mansour , chairman of Palm Hills Developments, has seen the value of his stake in the real estate company fall by 6.55 million. The decline comes as Palm Hills shares have faced selling pressure on the Egyptian Exchange over the past two weeks.
Share decline hits Yasseen Mansours Palm Hills stake
Mansour holds a 10.83 percent stake in Palm Hills, equivalent to roughly 318.57 million shares. Over 42 trading sessions, the value of his holdings fell from EGP2.58 billion 53.5 million to EGP2.26 billion 46.96 million, marking a significant loss following previous declines.